Quarterly report pursuant to Section 13 or 15(d)

7. SHAREHOLDER'S EQUITY

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7. SHAREHOLDER'S EQUITY
 3 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
SHAREHOLDER'S EQUITY

Shareholder distribution

 

On October 24, 2011, the Company made an initial cash distribution of $1.04 per share to common stockholders of record on October 10, 2011. The total amount distributed to common stockholders was $58,019,056. As of June 30, 2012, the amount paid was $44,795,757 with $222,585 payable and $13,000,714 deferred until the release of the escrow; these payables have been accrued and included in deferred consulting and distribution payments on the balance sheet.